Confidential

Financial advisor in the acquisition of a local E&P company.

Roder

Independent valuation opinion of Christensen Roder.

TMKT

Financial advisor to TMKT in the identification of potential acquisition candidates. TMKT is one of the largest BPO companies in Brazil.

Vitnik

Independent valuation opinion of Vitnik.

Sol

Independent valuation opinion of Sol Lineas Aereas.

Stamboulian

Independent valuation opinion of Stamboulian.